WTI Midland (Argus) vs. WTI Trade Month BALMO
Futures
WTI Midland (Argus) vs. WTI Trade Month BALMO Futures - Contract Specs
| Contract Unit | 1,000 barrels |
|---|---|
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)) CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 |
| Product Code | CME Globex: WTB CME ClearPort: WTB Clearing: WTB |
| Listed Contracts | Trade month BALMO contracts (calendar days 26-31 & 1-25) listed for 3 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the WTI Midland (1st month) differential weighted average (Diff weighted average) index price from Argus Media, which is based on the weighted average index price of WTI Midland minus the "WTI Formula Basis" price from Argus Media, from the selected start date through the end of the trade month period, inclusive. |
| Termination of Trading | Trading terminates on the 25th calendar day of the trade month period. If the 25th calendar day is is not a business day, trading terminates on the business day prior to the 25th calendar day. |
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| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
